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Investors Cap Off 2020 With An Eye On B2B eCommerce, SMB Banking

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There were several notable rounds, including high-value deals for supply chain management, B2B eCommerce and small business banking. With a focus on enabling corporations to manage payroll in a remote work environment, India-based Skuad has reportedly secured a $4 million seed investment round , according to the Economic Times of India.

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Today In Payments: Amazon Sellers Ring In $4.8 Billion In Holiday Sales; DoorDash Valuation Could Hit $28 Billion

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billion from Black Friday through Cyber Monday, and DoorDash could see a valuation of $28 billion from its IPO. Record demand for goods has helped merchants’ bottom line during a challenging economic time due to the worldwide pandemic. DoorDash Valuation Could Hit $28 Billion, Says It Has Only 3 Pct of US Market.

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Affirm Submits Draft To SEC For IPO

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Affirm has announced a filing for an initial public offering (IPO), according to a press release , and the company has submitted a draft to the Securities and Exchange Commission (SEC). The company announced in July that it was considering an IPO , with a potential valuation of $10 billion through a deal with Goldman Sachs.

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Why The Pandemic Is A ‘Black Swan’ That Will Spur Payments M&A

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For example, over the summer, integrated payments and eCommerce technology provider Paya merged with FinTech Acquisition Corp. There are a lot of companies coming into this space that are very well-capitalized” and willing to make deals where, for example, venture capital firms may be pulling back a bit amid so much economic uncertainty.

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Today In Payments: Amazon Eyes Zoox Acquisition For Autonomous Cars; Walmart, ThredUp Join For Pre-Owned Clothes

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Amazon is in talks to buy self-driving car startup Zoox, in a move that would advance the eCommerce giant’s reach in autonomous vehicle technology. billion, but a sale now would likely reflect a decreased valuation. In a 2018 funding round, Zoox was valued at $3.2 Walmart, ThredUp Join Forces For Second-Hand Clothes. Will the U.S.

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Investors Target B2B FinTech Firms That Multitask

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The largest funding round of the week lands at one Indian firm, which will use the funds to focus on growing its suite of services from a B2B eCommerce platform to a source of financing and logistics for its business clients. The company said this week that it secured $1.75 The investment follows a $1.5 million venture capital raise.

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Big Fizzles For Once High-Flying Unicorn Investors

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billion rescue, and also said it had taken its valuation of the beleaguered workspace company down by 80 percent, to around $5 billion at the end of the most recent quarter. That’s a far cry from January of this year, when WeWork raised $1 billion in a funding round (that included SoftBank ) and its implied valuation was $47 billion.